Key benchmark indices extended gains and hit fresh intraday high in mid-afternoon trade. At 14:20 IST, the barometer index, the S&P BSE Sensex, was up 562.06 points or 1.45% at 39,373.45. The Nifty 50 index was up 172.45 points or 1.48% at 11,829.50. Auto stocks gained. Metal and mining stocks advanced.

Sentiment was boosted by an overnight slide in crude oil prices. Narendra Modi-led NDA's thumping victory in Lok Sabha polls also supported buying. A strong mandate for the NDA could mean that economic reforms would be decisively implemented.

Intraday volatility was high. The Sensex was currently trading above the psychological 39,000 mark after moving above and below that level in intraday trade. Local stocks drifted higher in early trade on buying demand in index pivotals. A steep slide in crude oil prices also boosted investors sentiment in early trade. Key indices trimmed gains in morning trade. The indices once again regained strength in mid-morning trade. Stocks extended gains in early afternoon and afternoon trade.

The S&P BSE Mid-Cap index was up 1.54%. The S&P BSE Small-Cap index was up 1.87%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1629 shares rose and 759 shares fell. A total of 145 shares were unchanged.

JSW Steel gained 3.31% ahead of its Q4 March 2019 result today, 24 May 2019.

The Indian electorate gave a decisive verdict in favour of the BJP and its allies yesterday, 23 May 2019. Latest trends showed that the Prime Minister Narendra Modi-led NDA is leading in 353 seats, while UPA is leading in 92 and others leading in 97 seats. The 2019 Lok Sabha polls for 542 seats were held from April 11 to May 19. A party or coalition needs 272 seats in parliament to form a government.

In commodity markets, crude oil prices plunged on Thursday, as trade tensions dampened the demand outlook. Brent for July 2019 settlement tumbled $3.23 a barrel or 4.55% to settle at $67.76 a barrel. The slide in global crude oil prices will help India in containing inflation, current account and fiscal deficits. India imports about 80% of its crude oil requirement.

Overseas, European shares advanced on Friday. Brexit developments will be closely monitored by investors, with British Prime Minister reportedly expected to announce a departure date on Friday. Asian shares were mixed as investors remained worried over trade tensions between the United States and China.

US stocks finished lower Thursday as big losses for the technology and energy sectors dragged on the broader market amid signs that trade tensions between the U.S. and China are escalating.

US President Donald Trump said on Thursday that Washington's complaints against Huawei Technologies might be resolved within the framework of a U.S.-China trade deal. The U.S. Commerce Department said on Thursday it was proposing a new rule to impose anti-subsidy duties on products from countries that undervalue their currencies, in another move that could penalise Chinese products.

In economic data, IHS Markit said its “flash” index of U.S. manufacturers fell to a 9 1/2-year low of 50.6 in May from 52.6 in April, while the firm's services index dropped to a 39-month low of 50.8 from 52.7.

Shares forge ahead on strong buying support24-May-2019 (13:18)

Strong buying support catapulted the key benchmark indices to fresh intraday high in afternoon trade. At 13:18 IST, the barometer index, the S&P BSE Sensex, was up 522.86 points or 1.35% at 39,334.25. The Nifty 50 index was up 161.95 points or 1.39% at 11,819.

Sentiment was boosted by an overnight slide in crude oil prices. Narendra Modi-led NDA's thumping victory in Lok Sabha polls also supported buying. A strong mandate for the NDA could mean that economic reforms would be decisively implemented.

Intraday volatility was high. The Sensex was currently trading above the psychological 39,000 mark after moving above and below that level in intraday trade. Local stocks drifted higher in early trade on buying demand in index pivotals. A steep slide in crude oil prices also boosted investors sentiment in early trade. Key indices trimmed gains in morning trade. The indices once again regained strength in mid-morning trade and hit fresh intraday high in afternoon trade.

The S&P BSE Mid-Cap index was up 1.39%. The S&P BSE Small-Cap index was up 1.68%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1595 shares rose and 733 shares fell. A total of 132 shares were unchanged.

Infosys rose 1.14%. Infosys during market hours today, 24 May 2019 announced that it has completed the formation of a strategic partnership with ABN AMRO in the Netherlands by acquiring 75% of the shareholding in their wholly owned end-to-end mortgage administration service provider Stater N.V. This partnership strengthens Infosys' position as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies, and further enhances the company's strategy to help clients navigate their next digital transformation journeys.

On the political front, the Indian electorate gave a decisive verdict in favour of the BJP and its allies yesterday, 23 May 2019. Latest trends showed that the Prime Minister Narendra Modi-led NDA is leading in 349 seats, while UPA is leading in 82 and others leading in 96 seats. The 2019 Lok Sabha polls for 542 seats were held from April 11 to May 19. A party or coalition needs 272 seats in parliament to form a government.

In commodity markets, crude oil prices plunged on Thursday, as trade tensions dampened the demand outlook. Brent for July 2019 settlement tumbled $3.23 a barrel or 4.55% to settle at $67.76 a barrel. The slide in global crude oil prices will help India in containing inflation, current account and fiscal deficits. India imports about 80% of its crude oil requirement.

Overseas, European shares advanced on Friday. Brexit developments will be closely monitored by investors, with British Prime Minister reportedly expected to announce a departure date on Friday.

Asian shares were mixed as investors remained worried over trade tensions between the United States and China.

US stocks finished lower Thursday as big losses for the technology and energy sectors dragged on the broader market amid signs that trade tensions between the U.S. and China are escalating.

US President Donald Trump said on Thursday that Washington's complaints against Huawei Technologies might be resolved within the framework of a U.S.-China trade deal. The U.S. Commerce Department said on Thursday it was proposing a new rule to impose anti-subsidy duties on products from countries that undervalue their currencies, in another move that could penalise Chinese products.

In economic data, IHS Markit said its “flash” index of U.S. manufacturers fell to a 9 1/2-year low of 50.6 in May from 52.6 in April, while the firm's services index dropped to a 39-month low of 50.8 from 52.7.

Strong market breadth24-May-2019 (12:23)

Stocks held firm in early afternoon trade on steady buying demand in index pivotals. At 12:20 IST, the barometer index, the S&P BSE Sensex, was up 320.48 points or 0.83% at 39,131.87. The Nifty 50 index was up 90.60 points or 0.78% at 11,747.65. Telecom stocks rose. Sentiment was boosted by an overnight slide in crude oil prices.

Intraday volatility was high. The Sensex was currently trading above the psychological 39,000 mark after moving above and below that level in intraday trade. Local stocks drifted higher in early trade on buying demand in index pivotals. A steep slide in crude oil prices also boosted investors sentiment in early trade. Key indices trimmed gains in morning trade. Stocks once again regained strength in mid-morning trade.

The S&P BSE Mid-Cap index was up 1.06%. The S&P BSE Small-Cap index was up 1.45%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1503 shares rose and 695 shares fell. A total of 127 shares were unchanged.

Infosys rose 0.61%. Infosys during market hours today, 24 May 2019 announced that it has completed the formation of a strategic partnership with ABN AMRO in the Netherlands by acquiring 75% of the shareholding in their wholly owned end-to-end mortgage administration service provider Stater N.V. This partnership strengthens Infosys' position as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies, and further enhances the company's strategy to help clients navigate their next digital transformation journeys.

Grasim Industries rose 1.15% ahead of its Q4 result today, 24 May 2019.

Shares of Bharti Infratel rose 2.03%. Bharti Infratel is a provider of tower and related infrastructure and is a unit of Bharti Airtel.

Eros International Media rose 7.52% after consolidated net profit rose 14.72% to Rs 69.74 crore on 5.95% decrease in net sales to Rs 224.56 crore in Q4 March 2019 over Q4 March 2018. The result was announced after market hours yesterday, 23 May 2019.

The Indian electorate gave a decisive verdict in favour of the BJP and its allies yesterday, 23 May 2019. Latest trends showed that the Prime Minister Narendra Modi-led NDA is leading in 353 seats, while UPA is leading in 92 and others leading in 97 seats. The 2019 Lok Sabha polls for 542 seats were held from April 11 to May 19. A party or coalition needs 272 seats in parliament to form a government.

In commodity markets, crude oil prices plunged on Thursday, as trade tensions dampened the demand outlook. Brent for July 2019 settlement tumbled $3.23 a barrel or 4.55% to settle at $67.76 a barrel. The slide in global crude oil prices will help India in containing inflation, current account and fiscal deficits. India imports about 80% of its crude oil requirement.

Overseas, Asian shares were mixed on Friday as investors remained worried over trade tensions between the United States and China.

US stocks finished lower Thursday as big losses for the technology and energy sectors dragged on the broader market amid signs that trade tensions between the U.S. and China are escalating.

U.S. President Donald Trump said on Thursday that Washington's complaints against Huawei Technologies might be resolved within the framework of a U.S.-China trade deal. The U.S. Commerce Department said on Thursday it was proposing a new rule to impose anti-subsidy duties on products from countries that undervalue their currencies, in another move that could penalise Chinese products.

In economic data, IHS Markit said its “flash” index of U.S. manufacturers fell to a 9 1/2-year low of 50.6 in May from 52.6 in April, while the firm's services index dropped to a 39-month low of 50.8 from 52.7.

Capital goods, realty stocks gain 24-May-2019 (11:21)

Stocks once again regained strength in mid-morning trade after trimming gains in morning trade. At 11:18 IST, the barometer index, the S&P BSE Sensex, was up 197.81 points or 0.51% at 39,009.20. The Nifty 50 index was up 55.80 points or 0.48% at 11,712.85. The Sensex was currently trading a tad above the psychological 39,000 mark after moving above and below that level in intraday trade. Stocks from capital goods and realty sector gained.

Local stocks drifted higher in early trade on buying demand in index pivotals. A steep slide in crude oil prices also boosted investors sentiment in early trade. Key indices trimmed gains in morning trade.

The S&P BSE Mid-Cap index was up 0.85%. The S&P BSE Small-Cap index was up 0.95%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1269 shares rose and 730 shares fell. A total of 115 shares were unchanged.

Zuari Agro Chemicals fell 1.28% after the company announced that ICRA downgraded both short term and long term funds worth Rs 4215 crore to 'D'. Rating Agency said the downgrade is on account of the company's cash credit account remaining over utilised for more than 30 days owing to devolvement of a series of Letters of credit beginning April and continuing in May, and liquidity position of the company deteriorated materially due to significant cash losses and delay in subsidy receipts from government of India during April-May. The announcement was made after market hours yesterday, 23 May 2019.

The Indian electorate gave a decisive verdict in favour of the BJP and its allies yesterday, 23 May 2019. Latest trends showed that the Prime Minister Narendra Modi-led NDA is leading in 353 seats, while UPA is leading in 92 and others leading in 97 seats. The 2019 Lok Sabha polls for 542 seats were held from April 11 to May 19. A party or coalition needs 272 seats in parliament to form a government.

In commodity markets, crude oil prices plunged on Thursday, as trade tensions dampened the demand outlook. Brent for July 2019 settlement tumbled $3.23 a barrel or 4.55% to settle at $67.76 a barrel. The slide in global crude oil prices will help India in containing inflation, current account and fiscal deficits. India imports about 80% of its crude oil requirement.

Overseas, Asian shares were mixed on Friday as investors remained worried over trade tensions between the United States and China.

US stocks finished lower Thursday as big losses for the technology and energy sectors dragged on the broader market amid signs that trade tensions between the U.S. and China are escalating.

In economic data, IHS Markit said its “flash” index of U.S. manufacturers fell to a 9 1/2-year low of 50.6 in May from 52.6 in April, while the firm's services index dropped to a 39-month low of 50.8 from 52.7.

Indices trim gains 24-May-2019 (10:19)

Key indices trimmed gains in morning trade after initial upmove. At 10:15 IST, the barometer index, the S&P BSE Sensex, was up 29.08 points or 0.07% at 38,840.47. The Nifty 50 index was up 15.95 points or 0.14% at 11,673. The Sensex was currently trading below the psychological 39,000 mark after hitting intraday high above that level in opening trade.

Local stocks drifted higher in early trade on buying demand in index pivotals. A steep slide in crude oil prices also boosted investors sentiment in early trade.

The S&P BSE Mid-Cap index was up 0.24%. The S&P BSE Small-Cap index was up 0.45%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1047 shares rose and 629 shares fell. A total of 70 shares were unchanged.

Omax Autos rose 0.29% after the company entered into an asset purchase agreement with Hema Engineering Industries on 22 May 2019 for sale of its identified assets located in Haryana. The underlying transactions would be consummated gradually as per terms of the said agreement. The announcement was made after market hours yesterday, 23 May 2019.

Zensar Technologies rose 0.82% after the company said it has partnered with South African based insurance company Sanlam to provide company-wide digital transformation. The announcement was made after market hours yesterday, 23 May 2019.

The Indian electorate gave a decisive verdict in favour of the BJP and its allies yesterday, 23 May 2019. Latest trends showed that the Prime Minister Narendra Modi-led NDA is leading in 353 seats, while UPA is leading in 92 and others leading in 97 seats. The 2019 Lok Sabha polls for 542 seats were held from April 11 to May 19. A party or coalition needs 272 seats in parliament to form a government.

In commodity markets, crude oil prices plunged on Thursday, as trade tensions dampened the demand outlook. Brent for July 2019 settlement tumbled $3.23 a barrel or 4.55% to settle at $67.76 a barrel.

Overseas, Asian shares were mixed on Friday as investors remained worried over trade tensions between the United States and China.

US stocks finished lower Thursday as big losses for the technology and energy sectors dragged on the broader market amid signs that trade tensions between the U.S. and China are escalating.

In economic data, IHS Markit said its “flash” index of U.S. manufacturers fell to a 9 1/2-year low of 50.6 in May from 52.6 in April, while the firm's services index dropped to a 39-month low of 50.8 from 52.7.

Market drifts higher in early trade24-May-2019 (09:29)

Local stocks drifted higher in early trade on buying demand in index pivotals. At 9:23 IST, the barometer index, the S&P BSE Sensex, was up 283.80 points or 0.73% at 39,095.19. The Nifty 50 index was up 86.10 points or 0.74% at 11,870.95. A steep slide in crude oil prices also boosted investors sentiment.

The S&P BSE Mid-Cap index was up 0.53%. The S&P BSE Small-Cap index was up 0.56%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 746 shares rose and 247 shares fell. A total of 32 shares were unchanged.

Cipla rose 0.82% after the company signed an agreement on Thursday to acquire 26% stake on a fully diluted basis in AMPSolar Power Systems, which is formed for the purpose of setting up a captive solar power project in Maharashtra. The company will invest Rs 12.90 crore for the acquisition, which will be through share purchase, subscription of equity shares and compulsorily convertible debentures. The announcement was made after market hours yesterday, 23 May 2019.

Sun TV Network fell 1.04% after the company's net profit fell 2.3% to Rs 283.07 crore on 24% increase in net sales to Rs 888.88 crore in Q4 March 2019 over Q4 March 2018. The subscription revenues for the quarter rose by about 4% at Rs 319.77 crore, as against Rs 308.84 crore for the corresponding quarter ended 31 March 2018. EBITDA for the quarter ended 31 March 2019 rose about 16% at Rs 608.40 crore as against Rs 522.40 crore for the previous quarter ended 31 March 2018. The result was announced after market hours yesterday, 23 May 2019.

MOIL gained 2.62% after the company signed a memorandum of understanding (MoU) for FY 2019-20 with the Ministry of Steel. The MoU envisages an ambitious production target of 14.75 lakh tonnes of manganese ore and capex target of Rs 210 crore, besides other parameters related to turnover, financials, project implementation, R&D, human resource management, etc. The announcement was made after market hours yesterday, 23 May 2019.

The Indian electorate gave a decisive verdict in favour of the BJP and its allies. Latest trends showed that Bhartiya Janta Party (BJP) won 291 seats and was leading in 12 seats. The Indian National Congress (INC) won 51 seats. The 2019 Lok Sabha polls for 542 seats were held from April 11 to May 19. A party or coalition needs 272 seats in parliament to form a government.

In commodity markets, crude oil prices plunged on Thursday, as trade tensions dampened the demand outlook. Brent for July 2019 settlement tumbled $3.23 a barrel or 4.55% to settle at $67.76 a barrel.

Overseas, Asian shares were mixed on Friday as investors remained worried over trade tensions between the United States and China.

In US, stocks declined as investors were concerned the trade war may last much longer than anticipated. Data showed that manufacturing activity in the US grew at its slowest pace since September 2009 this month.

Volatility to the fore23-May-2019 (14:27)

Volatility ruled the roost in mid-afternoon trade as the key indices regained positive zone soon after erasing strong intraday gains. At 14:20 IST, the barometer index, the S&P BSE Sensex, was up 180.71 points or 0.46% at 39,290.92. The Nifty 50 index was up 64.30 points or 0.55% at 11,802.20. Shares of index heavyweight and cigarette major ITC dropped. Most FMCG stocks rose. Investors cheered trends that pointed to a resounding victory for the Bhartiya Janta Party (BJP). However, weak global cues triggered profit booking at higher levels.

Trading for the day began on a strong note as election results showed the Narendra Modi-led NDA leading in early trends. Stocks extended gains in morning trade after election trends showed that Narendra Modi-led NDA is leading in over 300 seats. Key indices pared gains in volatile trade soon after scaling fresh record high in mid-morning trade.

The Sensex scaled record high above the psychological 40,000 mark while the Nifty scaled fresh record high above the psychological 12,000 mark in mid-morning trade. Stocks further trimmed gains in early afternoon trade. Shares regained strength in afternoon trade.

Counting of votes is underway today, 23 May 2019. Latest trends showed that NDA is leading in 344 seats, while UPA is leading in 93 and others leading in 105 seats. The 2019 Lok Sabha polls for 542 seats were held from April 11 to May 19. A party or coalition needs 272 seats in parliament to form a government.

Coming back to today's trade, the S&P BSE Mid-Cap index was up 0.5%. The S&P BSE Small-Cap index was up 0.31%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1249 shares rose and 1168 shares fell. A total of 155 shares were unchanged.

S H Kelkar and Company rose 1.09%. The company said that its board is scheduled to meet on 10 June 2019 to consider acquisition of remaining 49% stake in Creative Flavours & Fragrances S.p.A. Moreover, the board will also consider proposal for buyback equity shares of the company. The announcement was made after market hours yesterday, 22 May 2019.

Quess Corp rose 0.12%. Quess Corp informed that its board approved increasing the company's stake in Golden Star Facilities and Services to 100% from 70% earlier. Consequently, Golden Star will become a wholly-owned subsidiary of Quess Corp. The announcement was made after market hours yesterday, 22 May 2019.

Overseas, European shares were trading lower amid ongoing US-China trade concerns and political uncertainty across the EU. Politics are a central focus as voting in the EU elections begins in the UK and the Netherlands. Brexit uncertainty also continues to weigh.

Asian stocks fell on Thursday as worries over US-China tensions grew. The US said it will impose trading restrictions on Chinese telecoms giant Huawei from August 19. A private survey suggested that Japan's manufacturing contracted in May. The Markit/JMMA flash purchasing managers' index fell to 49.6 in May from 50.2 in the previous month.

US stocks finished lower Wednesday as lingering trade woes overshadowed the release of the minutes from the Federal Reserve's policy meeting that was largely interpreted as accommodative.

Minutes for the rate-setting Federal Open Market Committee's April 30-May 1 meeting indicated that the voting members agreed the current accommodative policy can remain for now and that they were comfortable with the wait-and-see approach. They were, however, split on whether higher rates were necessary if the economy continued to evolved along the predicted path while others argued that higher productivity could indicate more economic softness than the low unemployment rate suggests.

Nifty trades above 11,800 level23-May-2019 (13:35)

Domestic shares held firmly higher in afternoon trade. At 13:28 IST, the barometer index, the S&P BSE Sensex, was up 341.55 points or 0.87% at 39,451.76. The Nifty 50 index was up 109.60 points or 0.93% at 11,847.50. Investors cheered trends that pointed to a resounding victory for the Bhartiya Janta Party (BJP). However, weak global cues triggered profit booking at higher levels.

Trading for the day began on a strong note as election results showed the Narendra Modi-led NDA leading in early trends. Stocks extended gains in morning trade after election trends showed that Narendra Modi-led NDA is leading in over 300 seats. Key indices pared gains in volatile trade soon after scaling fresh record high in mid-morning trade. The Sensex scaled record high above the psychological 40,000 mark while the Nifty scaled fresh record high above the psychological 12,000 mark in mid-morning trade.

Counting of votes is underway today, 23 May 2019. The 2019 Lok Sabha polls for 542 seats were held from April 11 to May 19. A party or coalition needs 272 seats in parliament to form a government. Latest trends showed that NDA is leading in 345 seats, while UPA is leading in 80 and others leading in 98 seats.

Coming back to today's trade, the S&P BSE Mid-Cap index was up 0.85%. The S&P BSE Small-Cap index was up 0.50%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1267 shares rose and 1091 shares fell. A total of 152 shares were unchanged.

HDFC Bank reversed early gains and was down 1.15%. HDFC Bank said that its board pproved sub-division of one equity share of face value of Rs 2 each to two equity shares of face value of Re 1 each. The announcement was made after market hours yesterday, 22 May 2019.

Bank of Baroda jumped 6.77%. Bank of Baroda reported net loss of Rs 991.37 crore in Q4 March 2019 compared with net loss of Rs 3102.34 crore in Q4 March 2018. Total income rose 20.02% to Rs 15284.59 crore in Q4 March 2019 over in Q4 March 2018. The result was announced after market hours yesterday, 22 May 2019.

Overseas, European shares were trading lower amid ongoing US-China trade concerns and political uncertainty across the EU. Politics are a central focus as voting in the EU elections begins in the UK and the Netherlands. Brexit uncertainty also continues to weigh.

Asian stocks fell on Thursday as worries over US-China tensions grew. The US said it will impose trading restrictions on Chinese telecoms giant Huawei from August 19.

A private survey suggested that Japan's manufacturing contracted in May. The Markit/JMMA flash purchasing managers' index fell to 49.6 in May from 50.2 in the previous month.

US stocks finished lower Wednesday as lingering trade woes overshadowed the release of the minutes from the Federal Reserve's policy meeting that was largely interpreted as accommodative.

Minutes for the rate-setting Federal Open Market Committee's April 30-May 1 meeting indicated that the voting members agreed the current accommodative policy can remain for now and that they were comfortable with the wait-and-see approach. They were, however, split on whether higher rates were necessary if the economy continued to evolved along the predicted path while others argued that higher productivity could indicate more economic softness than the low unemployment rate suggests.

Positive market breadth23-May-2019 (12:33)

Stocks further trimmed gains in early afternoon trade after a strong intraday rally propelled the key indices to record high. At 12:26 IST, the barometer index, the S&P BSE Sensex, was up 232.79 points or 0.6% at 39,343. The Nifty 50 index was up 93.40 points or 0.8% at 11,831.30. Shares of Adani group companies rose on fresh buying demand. Telecom stocks gained.

Trading for the day began on a strong note as election results showed the Narendra Modi-led NDA leading in early trends. Stocks extended gains in morning trade after election trends showed that Narendra Modi-led NDA is leading in over 300 seats.

Key indices trimmed gains in volatile trade soon after scaling fresh record high in mid-morning trade. The Sensex had scaled record high above the psychological 40,000 mark while the Nifty also scaled fresh record high above the psychological 12,000 mark in mid-morning trade.

Investors are closely watching results of Lok Sabha 2019 polls. Counting is votes is underway today, 23 May 2019. Latest trends showed that NDA is leading in 345 seats, while UPA is leading in 89 and others leading in 108 seats.

The 2019 polls, held from April 11 to May 19, will decide which party presides over the 17th Lok Sabha. Elections were held for 542 seats. A party or coalition needs 272 seats in parliament to form a government.

The 2014 elections brought Narendra Modi to power with a thunderous majority of 336 seats to the BJP-led National Democratic Alliance (NDA). The Congress-led United Progressive Alliance (UPA) won 60 seats. The remaining 147 seats were claimed by others.

Coming back to today's trade, the S&P BSE Mid-Cap index was up 0.4%. The S&P BSE Small-Cap index was up 0.21%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1204 shares rose and 1082 shares fell. A total of 144 shares were unchanged.

TD Power Systems rose 7.29% after consolidated net profit rose 313.44% to Rs 15.38 crore on 25.67% rise in net sales to Rs 200.82 crore in Q4 March 2019 over Q4 March 2018. The result was announced after market hours yesterday, 22 May 2019.

Bodal Chemicals fell 1.19%. Bodal Chemicals said it plans to acquire 80% stake in Turkey-based Sener Bova Kimya Tekstil Sanayi Ve Ticaret for Rs 32 crore. The target company deals in the marketing, purchase and sale of various dyestuff and other chemicals in Turkey and surrounding countries. Acquisition to be completed within the next five months. The announcement was made after market hours yesterday, 22 May 2019.

Overseas, Asian stocks fell on Thursday as worries over U.S.-China tensions grew. A private survey suggested that Japan's manufacturing contracted in May. The Markit/JMMA flash purchasing managers' index fell to 49.6 in May from 50.2 in the previous month.

U.S. stocks finished lower Wednesday as lingering trade woes overshadowed the release of the minutes from the Federal Reserve's policy meeting that was largely interpreted as accommodative.

Minutes for the rate-setting Federal Open Market Committee's April 30-May 1 meeting indicated that the voting members agreed the current accommodative policy can remain for now and that they were comfortable with the wait-and-see approach. They were, however, split on whether higher rates were necessary if the economy continued to evolved along the predicted path while others argued that higher productivity could indicate more economic softness than the low unemployment rate suggests.

Indices trim gains after scaling fresh record high 23-May-2019 (11:34)

Key indices trimmed gains soon after scaling fresh record high in mid-morning trade amid volatility. At 11:24 IST, the barometer index, the S&P BSE Sensex, was up 439.95 points or 1.12% at 39,550.16. The Nifty 50 index was up 116.85 points or 1% at 11,854.75. The Sensex scaled fresh record high above the psychological 40,000 mark. The Nifty also scaled fresh record high above the psychological 12,000 mark. Capital goods stocks edged higher.

Trading for the day began on a strong note as election results showed the Narendra Modi-led NDA leading in early trends. Stocks extended gains in morning trade after election trends showed that Narendra Modi-led NDA is leading in over 300 seats.

Investors are closely watching results of Lok Sabha 2019 polls. Counting is votes is underway today, 23 May 2019. Latest trends showed that NDA is leading in 345 seats, while UPA is leading in 92 and others leading in 105 seats.

The 2019 polls, held from April 11 to May 19, will decide which party presides over the 17th Lok Sabha. Elections were held for 542 seats. A party or coalition needs 272 seats in parliament to form a government.

The 2014 elections brought Narendra Modi to power with a thunderous majority of 336 seats to the BJP-led National Democratic Alliance (NDA). The Congress-led United Progressive Alliance (UPA) won 60 seats. The remaining 147 seats were claimed by others.

The S&P BSE Mid-Cap index was up 0.81%. The S&P BSE Small-Cap index was up 0.61%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1309 shares rose and 855 shares fell. A total of 133 shares were unchanged.

Bank of Baroda jumped 7.13% after the bank's net loss narrowed in Q4 March 2019. Bank of Baroda reported net loss of Rs 991.37 crore in Q4 March 2019 compared with net loss of Rs 3102.34 crore in Q4 March 2018. Total income rose 20.02% to Rs 15284.59 crore in Q4 March 2019 over in Q4 March 2018. The result was announced after market hours yesterday, 22 May 2019.

The bank's gross non-performing assets (NPAs) stood at Rs 48232.77 crore as on 31 March 2019 as against Rs 53184.28 crore as on 31 December 2018 and Rs 56480.39 crore as on 31 March 2018. The ratio of gross NPAs to gross advances stood at 9.61% as on 31 March 2019 as against 11.01% as on 31 December 2018 and 12.26% as on 31 March 2018.

Overseas, Asian stocks fell on Thursday with the unfolding deterioration in Sino-US relations again giving investors little reason for cheer.

US stocks fell on Wednesday with the release of the minutes from the Federal Reserve's most recent policy meeting doing little to perk up equities.

Market extends gains 23-May-2019 (10:32)

Stocks extended early gains after election trends showed that Narendra Modi-led NDA is leading in over 300 seats. At 10:22 IST, the barometer index, the S&P BSE Sensex, was up 820.16 points or 2.1% at 39,930.37. The Nifty 50 index was up 233.55 points or 1.99% at 11,971.45. The Sensex and the Nifty, both, scaled fresh record high in morning trade.

Key indices were trading on a strong note as election results showed the Narendra Modi-led NDA leading in early trends.

Investors are closely watching results of Lok Sabha 2019 polls. Counting is votes is underway today, 23 May 2019. Latest trends showed that NDA is leading in 343 seats, while UPA is leading in 93 seats.

Most exit polls had predicted that Narendra Modi-led NDA will return to power for a second term. The 2019 polls, held from April 11 to May 19, will decide which party presides over the 17th Lok Sabha. Elections were held for 542 seats. A party or coalition needs 272 seats in parliament to form a government.

The 2014 elections brought Narendra Modi to power with a thunderous majority of 336 seats to the BJP-led National Democratic Alliance (NDA). The Congress-led United Progressive Alliance (UPA) won 60 seats. The remaining 147 seats were claimed by others.

The S&P BSE Mid-Cap index was up 1.76%. The S&P BSE Small-Cap index was up 1.48%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1402 shares rose and 444 shares fell. A total of 81 shares were unchanged.

Vaibhav Global rose 4.5%. Vaibhav Global said that its board is scheduled to meet on 30 May 2019, to consider proposal for buyback of fully paid-up equity shares of the company. The announcement was made after market hours yesterday, 22 May 2019.

Eclerx Services rose 1.16%. Eclerx Services announced that its buyback will open on 31 May 2019 and will close on 14 June 2019. The announcement was made after market hours yesterday, 22 May 2019.

Overseas, Asian stocks fell on Thursday with the unfolding deterioration in Sino-US relations again giving investors little reason for cheer.

US stocks fell on Wednesday with the release of the minutes from the Federal Reserve's most recent policy meeting doing little to perk up equities.

Sensex, Nifty scale record high 23-May-2019 (09:26)

Key indices were trading on a strong note as election results showed the Narendra Modi-led NDA leading in early trends. At 9:19 IST, the barometer index, the S&P BSE Sensex, was up 568.94 points or 1.45% at 39,679.15. The Nifty 50 index was up 133.05 points or 1.13% at 11,870.95. The Sensex and the Nifty, both, scaled record high in early trade.

Investors are closely watching results of Lok Sabha polls scheduled to be announced today, 23 May 2019. Most exit polls had predicted that Narendra Modi-led NDA will return to power for a second term

The 2019 polls, held from April 11 to May 19, will decide which party presides over the 17th Lok Sabha. Elections were held for 542 seats. A party or coalition needs 272 seats in parliament to form a government.

The S&P BSE Mid-Cap index was up 1.12%. The S&P BSE Small-Cap index was up 1.21%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 939 shares rose and 138 shares fell. A total of 27 shares were unchanged.

Overseas, Asian stocks fell on Thursday with the unfolding deterioration in Sino-US relations again giving investors little reason for cheer.

US stocks fell on Wednesday with the release of the minutes from the Federal Reserve's most recent policy meeting doing little to perk up equities.

Back home, HDFC Bank rose 1.24%. HDFC Bank said that its board approved sub-division of one equity share of face value of Rs 2 each to two equity shares of face value of Re 1 each. The announcement was made after market hours yesterday, 22 May 2019.

Bank of Baroda gained 4.56%. Bank of Baroda reported net loss of Rs 991.37 crore in Q4 March 2019 compared with net loss of Rs 3102.34 crore in Q4 March 2018. Total income rose 20.02% to Rs 15284.59 crore in Q4 March 2019 over in Q4 March 2018. The result was announced after market hours yesterday, 22 May 2019.

Wipro rose 0.44%. Wipro announced that it has developed a blockchain-based payment solution for Travacoin, a company specializing in an eponymous digital payment solution. Travacoin is a digital payment system which enables airlines to refund and compensate passengers in a timely manner when a disruption occurs. The announcement was made after market hours yesterday, 22 May 2019.

Auto stocks gain22-May-2019 (14:35)

Key indices extended gains in mid-afternoon trade. At 14:28 IST, the barometer index, the S&P BSE Sensex, was up 164.94 points or 0.42% at 39,134.74. The Nifty 50 index was up 38.50 points or 0.33% at 11,747.60. Auto stocks rose.

Investors are awaiting results of Lok Sabha polls due tomorrow, 23 May 2019. Most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls. The 2019 polls, held from April 11 to May 19, will decide which party presides over the 17th Lok Sabha. Elections were held for 542 seats. A party or coalition needs 272 seats in parliament to form a government.

Intraday volatility was high. The Sensex was trading above the psychological 39,000 mark after falling below that level in intraday trade. Local stocks drifted higher in early trade on buying demand in index pivotals. Stocks hovered in positive zone in morning trade. A bout of volatility was seen in mid-morning trade after the key indices trimmed gains soon after hitting intraday high. Key indices hovered in a small range in early afternoon trade. Volatility continued in afternoon trade as the key indices regained positive zone soon after sinking in negative zone.

The S&P BSE Mid-Cap index was down 0.3%. The S&P BSE Small-Cap index was up 0.42%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1249 shares rose and 1138 shares fell. A total of 162 shares were unchanged.

Overseas, European stocks were trading lower while Asian stocks were trading mixed Wednesday on relief over Washington's temporary relaxation of curbs against China's Huawei Technologies.

In US, shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co, alleviating investor concerns about pressure on future corporate results in the sector.

The Commerce Department said late Monday it would allow Huawei to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until 19 August 2019.

Sensex regains 39,000 in volatile trade22-May-2019 (13:20)

Volatility continued in afternoon trade as the key indices regained positive zone soon after sinking in negative zone. At 13:15 IST, the barometer index, the S&P BSE Sensex, was up 74.74 points or 0.19% at 39,044.54. The Nifty 50 index was up 13.15 points or 0.11% at 11,722.25. The Sensex regained the psychological 39,000 mark in volatile trade after falling below that level in intraday trade. Shares of index heavyweight and cigarette major ITC dropped.

Investors are awaiting results of Lok Sabha polls due tomorrow, 23 May 2019. Most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls. The 2019 polls, held from April 11 to May 19, will decide which party presides over the 17th Lok Sabha. Elections were held for 542 seats. A party or coalition needs 272 seats in parliament to form a government. Key indices hovered in a small range in early afternoon trade.

Local stocks drifted higher in early trade on buying demand in index pivotals. Stocks hovered in positive zone in morning trade. A bout of volatility was seen in mid-morning trade after the key indices trimmed gains soon after hitting intraday high.

The S&P BSE Mid-Cap index was down 0.46%. The S&P BSE Small-Cap index was up 0.17%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1108 shares rose and 1143 shares fell. A total of 145 shares were unchanged.

Maruti Suzuki India rose 0.69%. Maruti Suzuki India has added over 200 new workshops in 2018-19 to its nationwide network. This is the largest addition to service network by any automobile company in the country in a year. With this Maruti Suzuki's service network now is 3,634 workshops strong across 1,789 towns and cities. The announcement was made during market hours today, 22 May 2019.

Overseas, most Asian stocks were trading higher Wednesday on relief over Washington's temporary relaxation of curbs against China's Huawei Technologies.

In US, shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co, alleviating investor concerns about pressure on future corporate results in the sector.

The Commerce Department said late Monday it would allow Huawei to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until 19 August 2019.

Indices hover in small range22-May-2019 (12:32)

Key indices hovered in a small range in early afternoon trade. At 12:26 IST, the barometer index, the S&P BSE Sensex, was up 92.29 points or 0.24% at 39,062.09. The Nifty 50 index was up 16.70 points or 0.14% at 11,725.80. Shares of index heavyweight HDFC advanced. Telecom stocks saw mixed trend.

Investors are awaiting results of Lok Sabha polls due tomorrow, 23 May 2019. Most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls. The 2019 polls, held from April 11 to May 19, will decide which party presides over the 17th Lok Sabha. Elections were held for 542 seats. A party or coalition needs 272 seats in parliament to form a government.

Local stocks drifted higher in early trade on buying demand in index pivotals. Stocks hovered in positive zone in morning trade. A bout of volatility was seen in mid-morning trade after the key indices trimmed gains soon after hitting intraday high.

The S&P BSE Mid-Cap index was down 0.6%. The S&P BSE Small-Cap index was up 0.07%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1053 shares rose and 1105 shares fell. A total of 142 shares were unchanged.

Shares of Bharti Infratel fell 0.83%. Bharti Infratel is a provider of tower and related infrastructure and is a unit of Bharti Airtel.

Overseas, most Asian stocks were trading higher Wednesday on relief over Washington's temporary relaxation of curbs against China's Huawei Technologies.

In US, shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co, alleviating investor concerns about pressure on future corporate results in the sector.

The Commerce Department said late Monday it would allow Huawei to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until 19 August 2019.

Market turns volatile22-May-2019 (11:32)

A bout of volatility was seen in mid-morning trade after the key indices trimmed gains soon after hitting intraday high. At 11:24 IST, the barometer index, the S&P BSE Sensex, was up 74.61 points or 0.19% at 39,044.41. The Nifty 50 index was up 7.70 points or 0.07% at 11,716.80. Most FMCG stocks declined.

Investors are awaiting results of Lok Sabha polls due tomorrow, 23 May 2019. Most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls. The 2019 polls, held from April 11 to May 19, will decide which party presides over the 17th Lok Sabha. Elections were held for 542 seats. A party or coalition needs 272 seats in parliament to form a government.

Local stocks drifted higher in early trade on buying demand in index pivotals. Stocks hovered in positive zone in morning trade.

The S&P BSE Mid-Cap index was down 0.68%. The S&P BSE Small-Cap index was down 0.07%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 972 shares rose and 1026 shares fell. A total of 128 shares were unchanged.

Overseas, most Asian stocks were trading higher Wednesday on relief over Washington's temporary relaxation of curbs against China's Huawei Technologies.

In US, shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co, alleviating investor concerns about pressure on future corporate results in the sector.

Market breadth turns negative22-May-2019 (10:27)

Stocks hovered in positive zone in morning trade. At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 169.53 points or 0.44% at 39,139.33. The Nifty 50 index was up 35.90 points or 0.31% at 11,745.

Local stocks drifted higher in early trade on buying demand in index pivotals.

The S&P BSE Mid-Cap index was down 0.59%. The S&P BSE Small-Cap index was down 0.05%.

The market breadth, indicating the overall health of the market, turned negative from positive. On the BSE, 840 shares rose and 889 shares fell. A total of 103 shares were unchanged.

J B Chemicals & Pharmaceuticals surged 7.3% after net profit rose 91.21% to Rs 42.18 crore on 19.55% rise in total income to Rs 394.44 crore in Q4 March 2019 over Q4 March 2018. The result was announced after market hours yesterday, 21 May 2019.

Overseas, most Asian stocks were trading higher Wednesday on relief over Washington's temporary relaxation of curbs against China's Huawei Technologies.

In US, shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co, alleviating investor concerns about pressure on future corporate results in the sector.

Market drifts higher in early trade22-May-2019 (09:24)

Local stocks drifted higher in early trade on buying demand in index pivotals. At 9:21 IST, the barometer index, the S&P BSE Sensex, was up 149.34 points or 0.38% at 39,119.14. The Nifty 50 index was up 32.80 points or 0.28% at 11,741.90.

The S&P BSE Mid-Cap index was down 0.03%. The S&P BSE Small-Cap index was up 0.11%.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 587 shares rose and 393 shares fell. A total of 33 shares were unchanged.

Overseas, most Asian stocks were trading higher Wednesday on relief over Washington's temporary relaxation of curbs against China's Huawei Technologies.

In US, shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co, alleviating investor concerns about pressure on future corporate results in the sector.

Back home, Tech Mahindra dropped 3.43% after consolidated net profit fell 6.64% to Rs 1126.60 crore on 0.38% rise in total income to Rs 9059.40 crore in Q4 March 2019 over Q3 December 2018. The result was announced after market hours yesterday, 21 May 2019.

DLF jumped 5.43% after consolidated net profit rose 76.22% to Rs 436.56 crore on 36.55% rise in total income to Rs 2788.27 crore in Q4 March 2019 over Q4 March 2018. The result was announced after market hours yesterday, 21 May 2019.

ERIS Lifesciences fell 2.29% after consolidated net profit fell 3.92% to Rs 53.88 crore on 3.21% rise in total income to Rs 226.55 crore in Q4 March 2019 over Q4 March 2018. The result was announced after market hours yesterday, 21 May 2019.

Market extends slide21-May-2019 (14:36)

Key indices extended losses in mid-afternoon trade on fresh selling in index pivotals. At 14:28 IST, the barometer index, the S&P BSE Sensex, was down 253.26 points or 0.64% at 39,099.41. The Nifty 50 index was down 75.15 points or 0.64% at 11,753.10.

Local stocks nudged higher in early trade on buying demand in index pivotals with the Sensex and the Nifty, both, scaling record high. A bout of volatility was seen in morning trade as stocks regained strength soon after trimming gains. Stocks hovered in positive zone in mid-morning trade. Local stocks trimmed gains in early afternoon trade. Volatility ruled the roost as the key indices erased intraday gains to sink in negative zone in afternoon trade.

The S&P BSE Mid-Cap index was off 0.8%. The S&P BSE Small-Cap index was off 0.65%.

The market breadth, indicating the overall health of the market, was weak. On the BSE, 864 shares rose and 1612 shares fell. A total of 142 shares were unchanged.

Tata Motors lost 7.71% after consolidated net profit dropped 47.42% to Rs 1117.48 crore on 4.28% fall in total income to Rs 87718.69 crore in Q4 March 2019 over Q4 March 2018. The announcement was made after market hours yesterday, 20 May 2019.

N Chandrasekaran, Chairman, Tata Motors said the company's domestic business delivered a resilient performance in the face of challenging market conditions. The company has continued to step up pace of innovation, improved market shares as well as profitability. In JLR, the company is continuing to face challenges in China which are addressing on priority.

Overseas, European shares were trading higher while most Asian shares rose after the United States temporarily eased restrictions on China's Huawei, easing trade tensions. The U.S. Commerce Department said it would allow Huawei Technologies to purchase American-made goods.

US stocks fell on Monday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.

Market sinks in negative zone 21-May-2019 (13:32)

Volatility ruled the roost as the key indices erased intraday gains to sink in negative zone in afternoon trade. At 13:25 IST, the barometer index, the S&P BSE Sensex, was down 176.97 points or 0.45% at 39,175.70. The Nifty 50 index was down 63.65 points or 0.54% at 11,764.60. IT stocks fell.

Key indices nudged higher in early trade on buying demand in index pivotals with the Sensex and the Nifty, both, scaling record high. A bout of volatility was seen in morning trade as stocks regained strength soon after trimming gains. Stocks hovered in positive zone in mid-morning trade. Local stocks trimmed gains in early afternoon trade.

The S&P BSE Mid-Cap index was off 0.81%. The S&P BSE Small-Cap index was off 0.61%.

The market breadth, indicating the overall health of the market, was weak. On the BSE, 858 shares rose and 1527 shares fell. A total of 143 shares were unchanged.

Overseas, most Asian shares were trading higher after Washington temporarily eased trade restrictions imposed last week on China's Huawei, although fears of a further escalation in tensions kept investors on edge.

US stocks fell on Monday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.

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